Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3100 S CRANBERRY BOULEVARD North Port, FL 34286

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,684,000

    8.56 acre parcel suitable for commercial or multifamily development.

    Type:Land or Vacant Lot
    Lot size:
    8.56 Acres
    Added:
    Mar 7, 2023
    Days on Market:
    1142
    Last Refresh:
    Apr 5 at 9:36 pm

    Property Features for 3100 S CRANBERRY BOULEVARD

    General Information

    Standard status
    Active
    Lot size
    8.56 Acres
    Property subtype
    Land or Vacant Lot

    We can help!

    Listing Contact
    TIFFANY CLARKE, PA

    Listing agent TIFFANY CLARKE, PA License #3459308

    Listing office PARADISE EXCLUSIVE INC

    Listing date Mar 7, 2023

    Source Corcoran

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of PARADISE EXCLUSIVE INC

    Overview

    North Port Development Opportunity

    This 8.56 acre parcel is located in the City of North Port and is zoned Corridor Transitional, offering flexibility for commercial development or multifamily housing. The site is suitable for retail, office space, or residential units. The property is situated approximately 2 miles from the upcoming Chick-fil-A, Tim Hortons Coffee, and Texas Roadhouse, which are currently in the permit phase. It is also located close to existing shopping, restaurants, and services. Wellen Park and the Atlanta Braves Spring Training facility are approximately 20 minutes away, and Charlotte Sports Park, home to the Tampa Bay Rays Spring Training, is approximately 15 minutes away.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Big Box & Wholesale Store Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    North Port
    County
    Sarasota
    State
    Florida
    Longitude
    -82.1825
    Latitude
    27.0836

    Nearby Similar for Sale

    • $695,000

      North Port Mixed-Use Development Land

      5.76-acre mixed-use development opportunity in North Port, Florida.
      W HILLSBOROUGH BOULEVARD, NORTH PORT, FL 34288
      View Details
    • $390,000
      1,585 SF

      Updated Duplex Near Warm Springs

      Updated duplex near Warm Mineral Springs, ideal for rental income.
      12125 MARGARITA AVENUE, NORTH PORT, FL 34287
      View Details
    • $19,900

      North Port Quarter-Acre Vacant Lot

      Newly rezoned quarter-acre vacant lot in a top Florida growth city.
      Lot 13 SKINNER LANE, NORTH PORT, FL 34288
      View Details
    • $16,900

      North Port Quarter-Acre Vacant Lot

      Newly rezoned quarter-acre vacant lot in North Port, Florida.
      Lot 14 MORRISETTE LANE, NORTH PORT, FL 34288
      View Details
    • $12,500

      Corner Lot in Growing Corridor

      0.27-acre corner lot suitable for commercial or mixed-use development.
      JASPER TERRACE, NORTH PORT, FL 34288
      View Details
    • $24,900

      North Port Vacant Lot

      Vacant lot in North Port, Florida with mixed-use zoning.
      Lot 9 MORRISETTE LANE, NORTH PORT, FL 34288
      View Details
    • $50,000

      North Port Land For Sale

      0.37 acre lot with road access on three sides.
      2515 COLONY CIRCLE, NORTH PORT, FL 34288
      View Details
    • $9,000

      Vacant Lot in North Port

      Investment opportunity: vacant lot near shopping, highways, and airport.
      CERIMAN ROAD, NORTH PORT, FL 34288
      View Details
    • $475,000
      2,312 SF

      North Port Duplex Investment Opportunity

      2020-built duplex near Warm Mineral Springs, North Port, Florida.
      12025 SARAGOSSA LANE, NORTH PORT, FL 34287
      View Details
    • $450,000

      North Port Vacant Land Parcel

      4+ acre commercial land parcel in rapidly growing North Port.
      CARTHAGE STREET, NORTH PORT, FL 34286
      View Details
    • $17,000

      North Port Land For Sale

      Vacant land in growing North Port, Florida. Great investment!
      1148204901 Ashboro Circle, North Port, FL 34288
      View Details
    • $850,000

      Prime Commercial Land on Tamiami

      2.17 acres of commercial land on Tamiami Trail.
      11201 TAMIAMI TRAIL S, NORTH PORT, FL 34287
      View Details

    FAQs

    What type of property is this?
    Commercial land - 8.56 acre parcel suitable for commercial or multifamily development.
    Where is this commercial land located?
    The property is located at 3100 S CRANBERRY BOULEVARD North Port, FL.
    What is the asking price?
    The asking price for this property is $1,684,000.
    What are key features of this property?
    This property features: 8.56 acre parcel in a high‑growth area.; Located in the City of North Port’s Corridor Transitional zoning area, offering flexibility for commercial development or multifamily housing.; Close proximity (2 miles) to upcoming Chick‑fil‑A, Tim Hortons Coffee, and Texas Roadhouse.
    (941) 698-0303
    We can help!
    Listing Contact
    TIFFANY CLARKE, PA
    Real Estate License ID: 3459308
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!